Tata Steel: Tata Steel UK has signed a letter of intent with Liberty House to sell its UK speciality steel business, the company said in a statement on Monday. The deal, which also covers several South-Yorkshire based assets, is being pegged at an enterprise value of £100 million.Sun Pharma: Sun Pharma launched BromSite solution, marked for treatment of postoperative inflammation and prevention of ocular pain in patients undergoing cataract surgery, in the US market.Oil India: The company has posted a net profit of Rs 580 crore for the quarter ended September 30, 2016 as compared to Rs 706 crore for the quarter ended September 30, 2015.Mahanagar Gas: Mahanagar Gas registered a net profit of Rs 102.24 crore, up 41%, against Rs 72.57 crore in the corresponding quarter last year.JSW Steel: JSW Steel has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant, as per media report.

Cipla: Cipla Ltd is in discussions to sell Cipla Vet, its animal health division, as per media report. According to the report, the company hired global investment bank Rothschild to find potential buyers.

Ashok Leyland: Ashok Leyland has completed the acquisition of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures formed between the two companies.

Aurobindo Pharma: Arrow Generiques SAS, the French subsidiary of Aurobindo Pharma, has signed an agreement to acquire select commercial products in France from Teva.

BEML: Thr company reported standalone net loss narrowed to Rs 16.6 crore for the second quarter ended September 30, 2016, against that of Rs 24.6 crore in the corresponding quarter of previous fiscal.

State Bank of India: SBI on Wednesday slashed bulk deposit rates by up to 1.9%, taking advantage of the surge in deposits following demonetisation.Tata Motors: Tata Motors has called an extraordinary general meeting on December 22 to seek shareholders' approval for removing Cyrus Mistry and Nusli Wadia as directors of the company.

PC Jeweller:The company posted a net profit of Rs 1,06.9 crore for the quarter ended September 30, 2016 as compared to Rs. 92 crore in the corresponding quarter last year.

Sun Pharma: The pharma company has entered into an agreement to acquire 85.1% of JSC Biosintez, that makes and markets pharmaceutical products in Russia and the CIS region.

Cipla Ltd:The company is divesting its minority 16.7% stake in Chase Pharmaceuticals Corporation, to a subsidiary of Allergan Plc.

Canara Bank:The bank is planning to sell a portion of its 43% stake in arm Can Fin Homes as part of the government's diktat asking public sector banks look to sell their noncore businesses.

UltraTech Cement: The company on Tuesday said the Competition Appellate Tribunal (COMPAT) has granted a stay on an order passed by the fair trade regulator Competition Commission of India against the company on deposit of 10% of the penalty amount.

Reliance Industries: CAG has pulled up the Income Tax department for giving benefit of Rs 1,767 crore to the port and terminal arm of Reliance Industries by allowing deductions meant for public facilities to the company's captive jetties.

Bharti Airtel:The telecom company said its customers in the city could face some "teething issues" over the next few days as the country's largest telecom operator upgrades its 3G network.

Larsen & Toubro:Larsen & Toubro on Tuesday reported a 84% in its consolidated net profit to Rs 1,435 crore for the quarter ended September 30 as compared to Rs 778 crore in the same period last year.

Tata Consultancy Services: Cyrus Mistry made certain unsubstantiated allegations, which cast aspersions on Tata Sons Ltd and its board and “the Tata group as a whole”, Tata Sons said in an explanatory statement to its notice calling a meeting of shareholders in Tata Consultancy Services Ltd.
Arvind Ltd: Textiles and branded apparel major Arvind Ltd has raised Rs 740 crore by diluting stake in subsidiary Arvind Fashions Ltd. The company has completed the transaction and raised the amount from Multiples, a private equity firm.
Wipro: The company announced that it has been selected as a member of the global Dow Jones Sustainability Index (DJSI) - 2016 for the seventh year in succession. Wipro is included in both the DJSI World and Emerging Markets Indices.Mahindra & Mahindra: M&M opened its Rs1.50bn spare parts warehouse in Jaipur to cater to customers in north and north western regions of the country for both automotive and tractor spare parts.Reliance Infrastructure: RInfra has won an EPC order for Rs 36.75 bn from NLC India Limited for setting up two lignite based CFBC thermal power projects with a capacity of 250MW each.

Punjab National Bank: The bank has cut interest rate on fixed deposits by up to 0.25% in line with competition.
HDFC, Unitech: With Unitech defaulting on loan repayment, housing finance major HDFC said it has sold the realty firm's outstanding loan of Rs 869 crore to JM Financial Asset Reconstruction Company (JMFARC).
Reliance Capital: Reliance Capital is planning to raise up to Rs 3,500 crore through non-convertible debentures (NCDs). Infosys: Infosys has invested Rs 145 mn in a start-up UNSILO. The investment is done through Infosys innovation fund.
India Cements: India Cements reported a 62% jump in standalone net profit at Rs 62 crore for the quarter ended September 30, 2016. It had posted a net profit of Rs 38.5 crore in the year-ago period.

Hindalco Industries:The company has posted a net profit of Rs 439.7 crore for the
quarter ended September 30, 2016 as compared to Rs 123.5 crore for the quarter
ended September 30, 2015.

Tata Motors:The company has posted a net profit after tax, share of
profit of joint ventures and associates of Rs 848 crore for the quarter ended
September 30, 2016 as compared to net loss of Rs 1,740 crore for the quarter
ended September 30, 2015.

Tata Steel:The company has posted a net loss of Rs 49.5 crore for the
quarter ended September 30, 2016 as compared to net profit of Rs 5,609 crore
for the quarter ended September 30, 2015.

Reliance Infrastructure:The company
has posted a net profit after tax, minority interest and share of profit of
associates of Rs 571 crore for the quarter ended September 30, 2016 as compared
to Rs 426.3 crore for the quarter ended September 30, 2015.

Bank of Baroda:Bank of Baroda posted four-fold rise in net profit at Rs 552
crore for the quarter ended on September 30, 2016, despite increase in bad
loans. It had reported a net profit of Rs 124 crore during the same period last
fiscal.

Check out the companies which will be in focus during trade
today based on recent and latest news developments.

Sun Pharma:Sun Pharma reported an over two-fold jump in its
consolidated net profit to Rs 2,235 crore for the September quarter. The
company had posted a net profit after taxes, non controlling interests, share
of profit/loss of associates and joint ventures of Rs 1,028.8 crore for the
same period a year ago.

Tata
Chemicals:The company reported a marginal increase in its consolidated net profit at
Rs 293 crore for the second quarter of the 2016-17 fiscal, on lower fertiliser
sales. Tata Chemicals had posted a net profit of Rs 293 crore in the same
quarter of the 2015-16 fiscal.

Bank of
Baroda:The bank will announce its Q2 numbers today.

L&T
Technology Services: L&T
Technology Services posted 20% increase in its consolidated net profit at Rs
112 crore during the second quarter ended September 30, 2016. The company
registered a net profit of Rs 93.5 crore in the same period a year ago.

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